LPL Financial LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,915 shares of the company’s stock after buying an additional 2,836 shares during the period. LPL Financial LLC’s holdings in Dollar Tree were worth $3,598,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. CenterStar Asset Management LLC bought a new position in shares of Dollar Tree during the 1st quarter valued at about $102,000. Dupont Capital Management Corp lifted its holdings in shares of Dollar Tree by 77.0% during the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock valued at $155,000 after purchasing an additional 710 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at about $210,000. Fieldpoint Private Securities LLC bought a new position in shares of Dollar Tree during the 1st quarter valued at about $213,000. Finally, Delpha Capital Management LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.
In other news, Director Thomas E. Whiddon acquired 2,250 shares of the company’s stock in a transaction on Monday, June 18th. The shares were bought at an average cost of $88.78 per share, with a total value of $199,755.00. Following the transaction, the director now owns 26,121 shares in the company, valued at approximately $2,319,022.38. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert H. Rudman sold 6,074 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the sale, the insider now directly owns 11,170 shares in the company, valued at $1,049,421.50. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Dollar Tree opened at $85.01 on Friday, Marketbeat reports. Dollar Tree, Inc. has a twelve month low of $66.01 and a twelve month high of $116.65. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.05 and a beta of 0.79. The company has a current ratio of 2.11, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 31st. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). Dollar Tree had a return on equity of 18.23% and a net margin of 7.44%. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Dollar Tree’s quarterly revenue was up 5.0% on a year-over-year basis. research analysts forecast that Dollar Tree, Inc. will post 5.53 EPS for the current fiscal year.
Several research firms have recently weighed in on DLTR. BidaskClub cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Credit Suisse Group began coverage on Dollar Tree in a report on Tuesday, April 17th. They set an “outperform” rating and a $114.00 price objective on the stock. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, April 18th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, April 7th. Finally, UBS Group cut Dollar Tree from a “strong-buy” rating to an “outperform” rating in a report on Monday, April 16th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.76.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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